US crude inventories rise unexpectedly

Economies.com
2017-06-28 14:55PM UTC

The Energy Information Administration released its report on US crude stocks, showing a buildup of 0.1 million barrels in the week ending June 23, compared to a 2.5M drawdown in the previous reading, while analysts expected a rise of 2.1M, with total stocks now reaching 509.2 million barrels, remaining within the uppermost range in average for this time of year. 

 

Otherwise, gasoline stocks fell 0.9 million barrels, while distillate inventories, including heat fuel, fell 0.2 million barrels, both remaining within the uppermost range in average for this time of year. 

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